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ICICI Direct, an ICICI Securities Ltd investment portal offers IPO's as a key product offering. With ICICIDirect.com, customers can apply in Initial Public Offers (IPO) and (Follow-on public offers) FPO at BSE & NSE.
Online IPO Application of ICICI Bank is the easiest, fastest and most convenient way to apply for IPO shares.
How to apply for IPO in ICICIDirect?
Below are few easy steps to apply in an IPO with ICICI:
- Login to ICICIdirect.com
- Go to 'Trade & Invest' >> 'IPO'. This will show the list of IPO's available.
- Click 'Go' (in the last column) of the IPO you would like to apply for.
- Fill the quantity and price and click 'Submit'.
- Confirm the application by accepting the terms & conditions. Click 'Confirm'.
- Allocate the required fund and click 'Submit'.
- Check the order book for application no. and status.
Once you submit the online IPO form, ICICIdirect.com will complete the all the formalities related to submission of your IPO form, using the Power of Attorney issued by you at the time of account opening.
ICICI Direct IPO Demo (5 Steps to Apply in IPO)
Apply IPO with ICICI Direct in 5 easy step. Follow the screenshots below:
Step1 - Choose IPO and click on 'Go' link
Step 2: Enter quantity and choose price
Step 3: Accept terms & conditions
Step 4: Allocate funds for IPO application
Step 5: Check Orderbook for application number and status
Applying in SME IPO's with ICICIDirect
As of Sept 2016, ICICI Bank doesn't offer online applications for SME IPO's (IPO's at BSE SME and NSE Emerge exchange).
ICICI Customer has to apply in SME IPO's by filling the paper IPO application forms.
Checking IPO application status with ICICI Direct
Follow the below simple steps to check the status of you IPO application through ICICI:
- Login to ICICIdirect.com
- Go to: Trade & Invest >> IPO >> History >> Order Book
- Enter the form date, to data and status (say Executed). Click 'View' button.
- Find the application status, number of shares allocated and other related info.
- Click on 'transaction id' of an IPO to see the application detail.
ICICI Direct IPO Charges
ICICI Bank Online IPO Application is free for all its customers having 3-in-1 account. Customer do not pay any fee, charges or taxes to apply for IPO shares.
Note: Customer has to pay brokerage and taxes when they sell the shares allocated to them through IPO. The changes are same as you sell any shares bought directly from the stock market.
ICICIDirect is most expensive stock broker in India and there brokerage are highest in the industry. Discount stock brokers like ProStocks charges 60 to 90% less brokerage charge but they do not offer IPO as a product.
ICICI Direct IPO Allotment Status
On allotment, the IPO shares are directly credited to your demat account and available for you to sell them on date of list at the respective exchanges.
You can check the IPO Allotment Status on ICICI direct website. Please follow the steps below:
- Go to http://www.ICICIdirect.com
- Trade & Invest >> IPO >> History >> Order Book
- Enter the form date, to data and status (say Executed). Click 'View' button.
- Find the IPO Allotment Status
Note: The IPO allotment status on ICICIDirect website is updated only after the shares are transferred to your demat account (usually a day before IPO shares listing). If you would like to check the allotment status earlier, please visit IPO registrar's website.
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Frequently Asked Questions
1. How to apply in IPO through ICICI Direct?
ICICI Direct allows you to apply for IPOs through your trading account. You could use the ICICIDirect.com website or its mobile trading app to apply in IPO online. It takes just a minute to apply in IPO through ICICI Direct. You could also modify or cancel IPO application, check the status and sell allocated shares through the same website or app.
Steps to apply in IPO through ICICI Direct Website
- Log in to 'ICICIDirect.com'
- Click on the 'IPO' link in the left navigation bar.
- Choose one the available IPO click 'Apply' link
- Fill the IPO order form and click 'Submit'
- Click on the 'terms & conditions' box and then click 'Confirm'.
- Click on the 'order book' link under the IPO section in the left navigation to check the status.
You will receive SMS and email confirming your IPO order execution by the end of the day.
For more detail please read:
2. How to cancel IPO application in ICICI direct?
You can revise or cancel an IPO application online while the IPO is still open for subscription. You can use the ICICIDirect.com website or mobile app to cancel your IPO order.
Steps to Cancel IPO Application in ICICI Direct
- Log in to 'ICICIDirect.com'
- Click on the 'IPO' link in the left navigation bar.
- Click on the 'order book' under the IPO section.
- Select the IPO Application and click on 'Withdraw application' or 'Revise bid'.
- Click on 'OK' on the confirmation window.
Note:
- IPO applications executed in the NII category cannot be withdrawn or cancelled. However, it can be revised during the offer period.
- IPO application can be withdrawn or modified only while the IPO is open.
3. Is there a specific time of day when I can apply for IPO online using ICICIDirect?
While an IPO is open for bidding, you can place the order for IPO share anytime (24x7) by visiting ICICIDirect website.
4. Can I place IPO order through ICICI Direct Call & Trade?
Yes, ICICI Direct customer can place orders to buy & sell shares, apply in IPO, buy mutual funds, trade in Equity F&O over the phone using ICICI Bank Call & Trade service. This service is offered free of charge to all its customers for up to 20 calls in a month. After that customer has to pay Rs 25 per call as Call & Trade fee.
5. Can I withdraw the IPO Application applied online through ICICI Direct?
Yes, you can withdraw an IPO Application while the IPO is still open (bidding is in progress). Simply Follow login to ICICI direct website, visit the IPO Order book for placing a withdrawal request.
After successful processing of your withdrawal request, the money will be unblocked in your bank account.
6. When will the money credited back into account in case if don't get allotment?
At ICICIdirect.com, IPO application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.
7. How long does it take for allotment process to get over in ICICI?
Post IPO is closed the allotment process gets completed within next 5 working days and on the 6th working day the shares are listed on the exchange.
8. How many IPO application can I submit from a single ICICI Bank account?
Only 1 IPO application allowed per saving bank account with ICICI Bank.
9. What is ISec ICICIDirect?
ISec is an abbreviation for ICICI Securities. ICICI Securities a popular financial service provider to retail investors in India. The company offers its trading and investment products under the brand name of ICICI Direct.
ICICIDirect.com website and ICICIDirect Mobile app are two popular platforms offered by the company for online trading in investment in the stock market, mutual funds, IPO, Fixed Deposit, Bond, NCD, wealth products, Insurance and loans etc.
ICICI Securities Ltd offers a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution.
The company is headquartered in Mumbai and operates out of 75 cities across India. It also has wholly-owned indirect subsidiaries in Singapore and New York.
10. Can I apply in an IPO on both the account holder's name from an ICICI Bank joined account?
The ICICI bank permits only one IPO application through a bank account irrespective of the account type as individual or joint.
The IPO application should be on the name of the first account holder.
When applying in an IPO through ICICI bank net banking, you will have to remove the name of the joint account holder. The applicant's name should be as per the PAN number listed on the page.
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Information on this page was last updated on Friday, November 17, 2023
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7 Comments
7.HEMLATA SAWANT || Link|February 27, 2020 4:23:05 PMReply
UPI ID is necessary ? when we buy IPO from ICICI Direct
7.1.Umadevi Remella || Link|December 21, 2021 4:33:45 PM
Though I have funds in my ICICI Direct account, why am i expected to link UPI for purchasing IPO shares. This seems to be a glitch. Kindly check and respond
6.UDAYABHASKARAM || Link|July 1, 2020 10:38:11 PMReply
Can you suggest a good IPO for investment?
5.1.Kaushik || Link|March 29, 2017 4:35:52 PM
Check the order boob of IPO. Click on your IPO order number and details will be displayed. There you will see allotment details.
5.2.Jay || Link|May 7, 2018 11:52:09 PM
Boob!?!? Hahaha...
4.Braj Kumar Sharma || Link|February 22, 2018 10:40:12 PMReply
Please share information only ipo
3.vip || Link|September 30, 2017 4:05:15 PMReply
i have account in icici direct, I have applied for SBI ipo throught Bank of Baroda internet banking and i got allocated and amount got debited but order book of icici direct doesn''t shows any allocated shares.
what should i do ?
2.Raj || Link|June 21, 2017 11:53:08 PMReply
When I apply for a IPO in Icici direct , after completion of all.steps it always shows as offline order , what it means .when it ''ll.become online order.
Some one please clarify.
1.Sahil || Link|April 11, 2017 2:50:11 AMReply
I have applied for SME IPO [Octaware Technologies Limited] and share are allotted in the IPO order book but it is not shown in Demat Allocation window. Why so?
What should I do to have this reflected in the allotted list of share.
1.1.Vikram || Link|April 23, 2017 9:39:14 PM
Which broker did you apply through?
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